Combatting Procurement Fraud & Corruption Training | Trajlon Group

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Combatting procurement fraud and corruption

Course Type

Short Course

Category

Procurement

Duration

3 Days

Ratings

Training Objectives

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Course Overview

The Combatting Procurement Fraud and Corruption training is designed to equip participants with the knowledge and practical skills needed to identify, prevent, and detect fraudulent activities within the procurement process.

The program covers key areas such as risk assessment, fraud indicators, implementation of effective internal controls, and adherence to international standards and best practices.

Through this training, participants will gain the tools to strengthen integrity and transparency in procurement operations.

Target Audience

Procurement professionals Finance personnel Internal auditors Legal and compliance officers Senior management Project managers

Course Outline

Defining Procurement Fraud and Corruption Understanding the different forms and manifestations of procurement fraud and corruption. The impact of procurement fraud and corruption on organizations. The Procurement Lifecycle and Vulnerable Stages Identifying specific stages within the lifecycle that are most susceptible to fraud and corruption. Common Red Flags and Warning Signs Learning to recognize behavioral, documentary, and systemic red flags that may indicate fraudulent or corrupt activities. Case studies and examples of real-world procurement fraud scenarios. Legal and Regulatory Frameworks Overview of relevant anti-bribery and anti-corruption laws (local, national, international – e.g., FCPA, UK Bribery Act). Organizational policies and procedures related to ethics and anti-corruption. Understanding the legal consequences of procurement fraud and corruption for individuals and organizations.

Establishing a Strong Ethical Culture The role of leadership in promoting ethical behaviour and a culture of integrity. Developing and communicating clear codes of conduct and ethics policies. Providing ethics training and awareness programs. Implementing whistleblower protection mechanisms. Designing Robust Internal Controls Segregation of duties and responsibilities within the procurement process. Implementing clear authorization limits and approval workflows. Mandatory documentation and record-keeping requirements. Regular independent reviews and audits of procurement activities. Utilizing technology and e-procurement systems to enhance transparency and control. Due Diligence and Supplier Vetting Implementing thorough due diligence processes for potential suppliers. Assessing supplier integrity, financial stability, and ethical practices. Utilizing databases and tools for supplier screening. Managing conflicts of interest effectively. Implementing Transparent Procurement Processes Ensuring fairness and transparency in bidding and evaluation processes. Utilizing clear and objective evaluation criteria. Maintaining detailed records of the entire procurement process. Utilizing open and competitive bidding where appropriate.

Proactive Detection Techniques Data analytics and fraud detection software for identifying anomalies and suspicious patterns. Whistleblowing mechanisms and managing reported concerns effectively. Continuous monitoring of procurement activities and performance indicators. Utilizing internal audit findings and recommendations. Conducting Effective Investigations Planning and scoping a procurement fraud investigation. Gathering and preserving evidence (documentary, electronic, testimonial). Interviewing witnesses and subjects. Maintaining confidentiality and adhering to legal requirements during investigations. Forensic Accounting and Financial Analysis Understanding how financial records can be manipulated in procurement fraud. Basic techniques for analysing financial data to identify irregularities. Working with forensic accounting experts (if applicable). Reporting and Escalation Procedures Establishing clear protocols for reporting suspected fraud and corruption. Determining appropriate escalation channels within the organization and to external authorities (if necessary).

Taking Corrective Action Implementing disciplinary measures for individuals involved in fraud and corruption. Reviewing and strengthening internal controls and procurement processes based on investigation findings. Recovering losses resulting from fraudulent activities. Enhancing Governance and Compliance Strengthening organizational governance structures to prevent future occurrences. Regularly reviewing and updating ethics policies and procurement procedures. Implementing ongoing training and awareness programs. Building a Culture of Anti-Corruption Reinforcing ethical values and promoting a zero-tolerance stance towards fraud and corruption. Recognizing and rewarding ethical behavior. Fostering open communication and a speak-up culture. Collaboration and Information Sharing The importance of internal collaboration between departments (procurement, finance, legal, audit). Potential for external collaboration with industry peers and law enforcement agencies.

Upon completion of this training, participants will be able to:

Understand the Nature and Scope of Procurement Fraud and Corruption Identify Red Flags and Risk Indicators Gain Knowledge of Relevant Laws and Regulations Explore Fraud Prevention Strategies Develop Fraud Detection and Investigation Skills Understand the Role of Ethics and Integrity

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Duration:3 Days
Modules:4
Traininglive classes
Group discount:Yes
Language:English

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